$1 Trillion in Real Estate Is Breaking (Here’s What Happens Next)

$1 Trillion in Real Estate Is Breaking (Here’s What Happens Next)

April 21, 2026 · 43 min

About this episode

$1 trillion in multifamily debt is due, raising questions about a potential real estate crash or buying opportunity.

$1T in multifamily debt is coming due and most of it already doesn’t work. Is this a real estate crash or the next buying opportunity? We brought in Dugan Kelley, co-founder of Kelley Clarke Law and a leading real estate and SEC attorney, to break down what’s actually happening in the multifamily market. In this episode: -The multifamily “maturity wall” explained -Why 2020–2022 real estate deals are in trouble -How rising interest rates broke deal economics -What happens next: loan modifications, forced sales, or foreclosure -What real estate investors need to know now This isn’t 2008. It’s a valuation reset in commercial real estate. Have more questions, or want more resources like a tax calculator? Go to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://investlikeabillionaire.org/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more about our community. Check out Ben & Bob’s company and invest along at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://aspenfunds.us/

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